Ann: Nickel Targets Confirmed at Mt Alexander, page-2

5 October 2022
HIGHLY PROSPECTIVE NICKEL TARGETS CONFIRMED AT MT ALEXANDER
New drill targets for potential nickel sulphides identified in parallel with lithium
exploration, which continues to identify lithium-bearing pegmatites
HIGHLIGHTS
• Several compelling targets confirmed by the recent fixed loop electromagnetic (FLEM)
survey near the interpreted granite/greenstone contact of the Mt Alexander Belt
• A large FLEM conductor (P1) is interpreted approximately 4km south of the high-grade
Cathedrals Ni-Cu-PGE massive sulphide deposit located on the east-west Cathedrals Belt
• P1 is modelled as an EM plate with the following parameters:
◆ conductivity of 7,650 Siemens with a late-time EM response
◆ dimensions of 400m x 200m
◆ located approximately 200m below surface
• The FLEM survey has also identified four additional mid to late-time conductors (P2, P3,
P4 and P5) within an area extending approximately 700m x 400m
• The FLEM conductive anomalies may be associated with a strong seismic reflector
interpreted to occur north of the conductors and below the granite contact
• Drilling of these new nickel targets is planned for Q4 2022, alongside a maiden program
to test lithium targets at Mt Alexander


John Prineas, St George Mining’s Executive Chairman, said:
“Initial results from the FLEM survey that commenced last week at Mt Alexander are very encouraging with
a number of conductors confirmed in the area south of the Cathedrals Ni-Cu-PGE Belt.
“The prospectivity of the key conductive anomaly identified by the earlier moving loop ARMIT EM survey has
been upgraded. The FLEM data indicates a larger and more conductive anomaly, referred to as P1 that has a
geophysical signature consistent with massive sulphides.
“This bedrock conductor is located within the interpreted area of the granite/greenstone contact south of
Cathedrals and is a compelling nickel target.
“In addition, P1 occurs south of a large, distinctive seismic reflector with an interpreted source below the
granite intrusion and bounded by faults that may be related to the Cathedrals massive sulphide
mineralisation. The strong seismic reflector is also considered a high priority drill target.
“The granite/greenstone contact has not previously been explored and we are delighted that our systematic
exploration has identified new, high priority nickel targets for drill testing.
“We look forward to an exciting drill programme in Q4 2022 that will test both these new nickel targets as
well as the emerging lithium prospects at Mt Alexander.”